I’m only going with the 5%ers and alpha capital group right now. No issues at all so far
@markostradingjourney4 ай бұрын
Nice! I just bought an Alpha capital account! Good luck :)
@neel7434 ай бұрын
I don’t think it’s possible for any prop firm to survive if they only rely on failed challenges
@markostradingjourney4 ай бұрын
I would agree with you. If they want to survive a decade then they must start A booking some traders or force the profitable traders to reduce risk.
@ayushigupta87764 ай бұрын
Don't they copy trades of profitable traders in backend?@@markostradingjourney
@tradinology_4 ай бұрын
Tbh.... I don't think we need to be wary of new prop firms.... I've had accounts with TopTier and Alpha and everything has gone well, the payouts are solid and they've grown remarkably.
@markostradingjourney4 ай бұрын
But you never know when a new prop firm will blow up. Its all fine in the beginning since they are getting an influx of new traders and those traders are mostly failing the challenges. Let's see what happens in 1-2 years with the new prop firms.
@mkkm85404 ай бұрын
i think alpha capital is gonna be as big as ftmo because their ceo is a british regulated financial manager
@markostradingjourney4 ай бұрын
We shall see but I think FTMO will remain king for a long time! 💪
@ai_robozen4 ай бұрын
Definitely good marketing..
@gopimohan264 ай бұрын
Alpha capital recently tweeted saying regulation is bad and our trust is just needed for the industry which itself is shady.....Anyone giving promos and offers regularly to get new users is a shady sign...
@mkkm85404 ай бұрын
@gopimohan26 if regulation comes, and they say you can only have 1:10 leverage or something very restrictive, it will change the current prop firm model I will definitely purchase alpha capital challenge than some kids prop firm
@gopimohan264 ай бұрын
@@mkkm8540 what assurity you have that a firm that says regulation is bad wont end up like TFT that blindfolded the public due to lack of regulatory controls?
@TraderNick4 ай бұрын
Very good points Marko! I too would be surprised if they came back.
@markostradingjourney4 ай бұрын
Thank you very much Nick! With the way they have been doing business in the last couple of months I really don't think they are coming back. Liquidity has dried up.
@sadako20094 ай бұрын
take the money and ran away!
@rewok114 ай бұрын
Unfortunately, my bank declined the chargeback request in the case of MFF, and it won't work here either. They say this is a civil law agreement between the customer and the merchant where the bank is not allowed to intervene.
@markostradingjourney4 ай бұрын
Hmm that is unfortunate. Almost all traders that I know managed to get a chargeback from their bank. Might be worth it to open a Revolut account in the future so you can pay for prop firm challenges. Revolut is pretty good with the chargeback processing from what I have heard.
@user-lp5ut7fy7s4 ай бұрын
ME TO ,I FORME CHINA ,MFF LOSS 12M,TFT LOSS 55M,......
@FreeStyle-gc4ln4 ай бұрын
@@markostradingjourneyit’s funny as you said most traders you know could got money back. You know nothing or so little, and your video no help. Focus on trading bruh. Stop filming.
@JustChetin4 ай бұрын
Hi Marko, I want to ask a question? I have been funded with SFT since 25th December 2023 and have received 4 profit splits so far and I was going to continue with them, but since they also went bankrupt like TFT, can I still get my refund from this account? I bought it with Revolut at the beginning of December last year?
@markostradingjourney4 ай бұрын
I am sure you can! Definitely contact your bank and explain the situation!
@SNT.GERMAINE4 ай бұрын
SFT is owned by TFT
@fxtraderalec0154 ай бұрын
Really nice video, gives a lot of hope... what do you think, can i make a charge back from all challenges i purchased? or you can make only new payments for chargeback?
@markostradingjourney4 ай бұрын
You should try to do a chargeback on all the challenges you purchased. You can't lose anything and you may potentially get a lot of money back :)
@ivayloyanakiev94234 ай бұрын
Thanks for the clarifications, Marko, nice video!
@markostradingjourney4 ай бұрын
No problem! Glad you like it Ivaylo :)
@Jamesfxxx4 ай бұрын
Thanks for the update Marko! 💪
@markostradingjourney4 ай бұрын
No problem James! 💪
@pranavsharma38884 ай бұрын
What do you mean by 5%ers started booking traders? Can anyone explain
@markostradingjourney4 ай бұрын
There are 2 options when a trader receives a funded account. A prop firm can either A book them and forward their trades into the live market or a prop firm can B book them and keep their trades in house, essentially taking the opposite position of the trader. All prop firms B book traders. 5%ers apparently actually A books some traders and takes their trades in the live markets. So when a trader makes a profit on 5%ers, 5%ers makes a profit as well.
@Dean-ei9jv4 ай бұрын
Great vid, many thanks.
@markostradingjourney4 ай бұрын
No worries! Glad to help :)
@B.A954 ай бұрын
I use a Switzerland account, they dont play, if they say they will get your money back, be rest assured
@markostradingjourney4 ай бұрын
Yes!! You don't mess with Swiss banks 💪
@Pdjrr4 ай бұрын
How can you recommend Funded Engineer after that whole scandal?
@timbatee74334 ай бұрын
Yep.. If they falsified payouts, just think about what other shady things they're doing behind closed doors
@markostradingjourney4 ай бұрын
People have been steadily getting payouts and FE is back and operational now. I would still say FTMO and 5%ers is a much safer option than FE. FE is still veeery new.
@chan4004 ай бұрын
You talk the reality. ♥️♥️
@markostradingjourney4 ай бұрын
Thank you bro :)
@dylanviel73504 ай бұрын
The problem is that I bought my challenge like 2 months ago and I was still doing my challenge phases... I probably can not get my money back at this point?
@markostradingjourney4 ай бұрын
You can! The service was not fully delivered so you are eligible for a chargeback.
@DaTrUtH9694 ай бұрын
Would this work with a debit card too?
@markostradingjourney4 ай бұрын
I think it should! I only tried it with credit card but debit should work as well :)
@alexandercasian49044 ай бұрын
What if the payment was done more than 150 days ago? I read there's a time limit for chargebacks
@markostradingjourney4 ай бұрын
There is a time limit but it all depends on which bank you are using. Contact your bank and they will let you know the time limits for chargebacks.
@indicatorlist3734 ай бұрын
Why don''t they just A book all the trades. All they have to do is hire certified people to place the tradeds.
@markostradingjourney4 ай бұрын
Because 95% of traders lose money even once they are funded. So the prop firm would essentially lose a lot of money if they A booked all of their funded traders.
@sibonelelohlatshwayo77534 ай бұрын
I think they should do that to traders who have widrawn 3 times and had less drawdowns. Also they should hegde agaist some losing traders. They should not rely on only new traders to fail challenges Thats a bad business model. Make money from the already existing profitable traders. That way even if u can have zero new subscribers to buy challenges u wont go down
@markostradingjourney4 ай бұрын
@@sibonelelohlatshwayo7753 There are some ways to A book traders, I am not sure why they didn't look into it and instead just B booked everyone.
@tx1894 ай бұрын
Are there any problems with take profit traders?
@markostradingjourney4 ай бұрын
I am not sure what you mean by 'take profit traders'?
@mustafabaris96814 ай бұрын
When the CEO of a company looks like a 17 year old kid wearing shorts and sandals that should be your first red flag ...
@markostradingjourney4 ай бұрын
Yes! That is exactly what I was thinking. He just looks so shady 😅
@y.s31584 ай бұрын
is it jsut credit card or can it be your own bank card like debit card ?
@markostradingjourney4 ай бұрын
I have only tried it with a credit card, but I am sure a debit card works as well!
@anthonys90104 ай бұрын
How about fundednext?
@markostradingjourney4 ай бұрын
Haven't researched them, but I would stick to the prop firms I mentioned in the video :)
@mamaBucketvfx4 ай бұрын
can this happen to other props as well? like rest of fx ones and also futures props?
@markostradingjourney4 ай бұрын
It can happen so you need to be very careful when choosing a prop firm! Stick with the companies that I talked about in the end of this video :)
@alexiniccolini58174 ай бұрын
REVOLUT said me that doesnt make the refund cause the payments were more than 120 days....someone have the same trouble?
@markostradingjourney4 ай бұрын
Yeah, it all depends on the bank you are using. Some banks have a 120 day limit while some banks have a 365 day limit on chargebacks.
@shamilmohamed14254 ай бұрын
How about debit cards ?? Can we get charge back for debit card transection ?
@markostradingjourney4 ай бұрын
I have only done the chargeback process with a credit card but debit cards should work as well! Contact your bank and see :)
@shamilmohamed14254 ай бұрын
@@markostradingjourney thank you
@Techsterzz4 ай бұрын
can I charge back all of the money Ive spent over the year from tft?
@markostradingjourney4 ай бұрын
You should definitely try! I do think there is like a 365 day time limit on chargebacks but contact your bank and explain the situation to them! They will help you :)
@theunderdog28854 ай бұрын
What about funding pips
@markostradingjourney4 ай бұрын
I haven't done much research into them. I would stick to the 4 prop firms I recommended in this video.
@pierrewebb87604 ай бұрын
Has anyone tried this with a master card credit card and been successful
@markostradingjourney4 ай бұрын
I done it with Visa but I am sure Mastercard is the same process. It all comes down to how helpful your bank is for getting your money back.
@gabri030004 ай бұрын
Anyone using UBS bank ?
@chikujena84224 ай бұрын
I paid via debit card 💳 will it work?
@markostradingjourney4 ай бұрын
I only tried it with my credit card, but I believe a debit card works as well! Contact your bank :)
@TinTran-qb9jx4 ай бұрын
Did you get your money back?
@markostradingjourney4 ай бұрын
I never bought an account with TFT. But I did get my money back from MyForexFunds when they went down using the chargeback process I talk about in the video :)
@marcinkryczka70444 ай бұрын
damn, that give me hope, i had 3 funded account, and was waiting for first payouts, 25k USD total. Now it seems i dont even get a refund for any of them. Hope my bank will help me
@markostradingjourney4 ай бұрын
Definitely contact your bank and explain how you got scammed! They will get your challenge fees back! Sorry to hear that you had such a large pending payout :( But if you did it that time I am sure you will manage to do it again on another prop account!
@marcinkryczka70444 ай бұрын
@@markostradingjourney Thanks for kind words. We could see it coming as in their funded trader channel on discord a bunch of guys like me were waiting for payout since 22.02.24 so over a month, where they declare payout in 3 business days. So we started mentally preparing for the rag pull, so to not have too high of an expectations. That said its still pretty devastating.
@ALTradingGuide4 ай бұрын
Does debit card work? I paid by debit card.
@markostradingjourney4 ай бұрын
I only tried it with my credit card, but I am sure a debit card works as well with the chargeback process!
@ALTradingGuide4 ай бұрын
@@markostradingjourney I see , I contacted my bank card center, they said the payment already been made and authorized by me, they can not do anything about it, they said only merchant can refund. I explained my situation that merchant scammed me and I didn't get the service that I paid for. They said still they can not do anything with it. What a shit, I would trust if it go through PayPal, we can charge back easily. The firms accept crypto only is like a scam, we can not file a complain. Hard truth, TFT was selling challenge until last week, I lost my saved $54 (60% discount on 25k dragon challenge)😭😭😭 whole world is turning against me. My dream vanished badly.
@joegrind4L4 ай бұрын
Can we do a charge back on FTMO since they banned US customers?
@markostradingjourney4 ай бұрын
Were you just banned or did you breach the rules on your account?
@panopsata30384 ай бұрын
It's quite a little funny because you used to diss FTMO. Great video though.
@markostradingjourney4 ай бұрын
Yeah FTMO is still somewhat shady and has some drama. I still stand by what I was saying in the past. Every prop firm is basically like a casino and bets on traders to fail. But if I had to recommend a firm I would say FTMO is still the safest one. That should tell you a lot about the state of prop firms hahah
@mathewdz6404 ай бұрын
we are from sri lanaka can we get our money back ,,, from this way
@markostradingjourney4 ай бұрын
I am sure you can! Contact your bank and explain to them how you have been scammed! They will get your money back using the chargeback process.
@savco39084 ай бұрын
Switch to Futures
@markostradingjourney4 ай бұрын
Futures prop firms have so much stricter rules. Its just not worth it. I made a video comparing Forex prop firms to futures prop firms. Its on my channel feel free to check it out :)
@erasmusgyebi33444 ай бұрын
Marko 🔥
@markostradingjourney4 ай бұрын
Let's go 🔥
@canaanpinder67964 ай бұрын
Lmaooo u made that sounds like a mlm scheme 😂😂😂
@markostradingjourney4 ай бұрын
Prop firms are a scheme, especially if they B book all of their traders and act irresponsibly. Just a matter of time before they go down.
@canaanpinder67964 ай бұрын
@@markostradingjourney I didn't look at it like that
@gamingwithvillain17314 ай бұрын
Is 5%er ABook firm
@markostradingjourney4 ай бұрын
Apparently they are. No one knows for sure what is happening behind closed doors but I do trust them.
@CoryBerry-uz6kw4 ай бұрын
See they think they getting away and I will see one of them and someone will get stepped on just watch
@markostradingjourney4 ай бұрын
1-2 Mayweather
@user-dv9cz1nb1i4 ай бұрын
Wbt funded next
@markostradingjourney4 ай бұрын
Haven't done much research into that firm. I would say stick to the 4 prop firms I recommended in this video!
@ALTradingGuide4 ай бұрын
Alpha capital , the 5 percent , and ftmo do not give huge discounts meaning they are real business.
@markostradingjourney4 ай бұрын
Exactly! Well Alpha capital does give huge discounts but I trust them so far! I like their management team.
@A_Derpy_NINJA4 ай бұрын
Forex prop firms in the US is done.
@markostradingjourney4 ай бұрын
Yes! Only futures prop firms are left for US traders.
@excellenttrader41614 ай бұрын
in Africa we pay with crypto ,we being taken advantage on
@markostradingjourney4 ай бұрын
Always pay by credit card if you can! If you can't then I recommend you find a prop firm that accepts cards.
@excellenttrader41614 ай бұрын
@@markostradingjourney thanks. not going for prop firms anymore, I'm off to crypto
@kendellfriend55584 ай бұрын
I also want to encourage you guys to file a complaint with the CFTC.
@markostradingjourney4 ай бұрын
Definitely! But that is for US citizens only right?
@kendellfriend55584 ай бұрын
@@markostradingjourneynormally US residents who were “solicited” file a complaint, but anyone can file a CFTC complaint if they believe there’s financial misconduct. I uploaded Angelo’s Instagram stories, voyage markets statement and discord receipts as proof. The card thing may save my life. Thank you!
@kendellfriend55584 ай бұрын
@@markostradingjourney anyone can file a complaint! If there’s any wrongdoing, they’ll look into it.
@jeezy83604 ай бұрын
@markostradingjourney yes correct
@kendellfriend55584 ай бұрын
@@markostradingjourney nope. The complaint is so the regulator can compile a case to present to the DOJ. It’s so they look into the issue
@Alifrom-Texas4 ай бұрын
They will never come back, because in the next few days there rating will go down to crap. With that rating even if they come back they will not be able to get any new clients.
@markostradingjourney4 ай бұрын
Correct! They are gone forever!
@mustezdcs63294 ай бұрын
I don't know why prop firms don't trade yourself
@markostradingjourney4 ай бұрын
I am not sure what you mean?
@mustezdcs63294 ай бұрын
@markostradingjourney sorry it's a typo. I mean prop firms right? They must have some good traders in there , so they can get them to trade and bring some cash flow that way ,relying on account fees ...... that's just not a solid strategy at all ....
@mustezdcs63294 ай бұрын
@@markostradingjourney let's say I got 1 million , and I need good traders , so I will find 5 , give em 100k each ,80/20 ratio, rest of the 500k I trade on me own and keep it as cash flow, I'm dont know that deep but .
@mustezdcs63294 ай бұрын
Trying to run a business on bad traders .... man thats just not a way of making money , no supply.....
@markostradingjourney4 ай бұрын
@@mustezdcs6329 I don't know either, that is a good question! I think some prop firms are starting to actually take the trades from its successful traders.
@mcsemark4 ай бұрын
I think they will be back with a new name and new trust pilot. They know there is too much money to be made
@markostradingjourney4 ай бұрын
I think so as well. Hopefully people will remember the shady business they were running with TFT. People don't change. Low integrity people will always be just that.
@manunited6554 ай бұрын
Anyone who got his refund?
@markostradingjourney4 ай бұрын
I believe it takes minimum 30 days for the chargeback process.
@tradingsamurai_4 ай бұрын
Thank you Marko, finger crossed for the fee refund.
@markostradingjourney4 ай бұрын
No problem! Good luck, I am sure you will get your money back :)
@Alifrom-Texas4 ай бұрын
You can not chargeback after 60 days
@markostradingjourney4 ай бұрын
Depends on your bank. My bank has a 180 day time limit I believe. Some banks have a 365 day time limit on chargebacks.
@indicatorlist3734 ай бұрын
This not going to work with your bank.
@markostradingjourney4 ай бұрын
It worked already with the MFF scandal. I got my money back without an issue :)
@indicatorlist3734 ай бұрын
American banks are not in the business of giving you money backfor your dumb decisions.@@markostradingjourney
@indicatorlist3734 ай бұрын
Your gonna get laughed out of there.@@markostradingjourney
4 ай бұрын
@@markostradingjourney are youfrom US ? and what is your bank?
@markostradingjourney4 ай бұрын
I am from Croatia. My bank is called Zagrebacka Banka. It is a local bank :)
@savytaco4 ай бұрын
And if you’re in the US then you’re SOL basically? 🤣the top names have to stay away
@markostradingjourney4 ай бұрын
Yeah US people must stick to futures prop firms unfortunately.